Vietcombank Reports Dollar Sales Increase

Vietcombank sold the greenback 0.19% higher at VND26,060, marking a significant uptick in its value against the dong.

State Bank Adjusts Reference Rate

The State Bank of Vietnam has slightly lowered its reference rate by 0.02% to VND24,893, reflecting subtle shifts in the currency market.

Global Dollar Trends

Globally, the dollar is poised for its fourth consecutive weekly loss, as reported by Reuters. The currency's decline is attributed to tariffs driving investors away from U.S. assets, despite a brief recovery from a seven-month low against the yen.

The dollar's value has been significantly impacted by the U.S.'s fluctuating stance on tariffs, which has eroded investor confidence in the nation's economic growth and stability.

Safe-Haven Currencies Gain

The Swiss franc, a safe-haven currency, has seen an 8% gain since April 2, the largest among G10 currencies, and is now testing resistance at a decade-high of 0.81 per dollar.

Similarly, the euro and yen have advanced approximately 5% against the dollar in just over two weeks, highlighting a broad shift in currency dynamics.